Credit Card Utilization Ratio Calculator
Your utilization ratio compares what you owe on revolving credit with the limits you have been given.
Enter your numbers
Results
| Card 1 utilization | 24.0% ($1,200.00 of $5,000.00) |
|---|---|
| Card 2 utilization | 10.0% ($300.00 of $3,000.00) |
| Overall utilization | 18.8% ($1,500.00 of $8,000.00) |
| Pay down to reach 30% overall | Already at or below 30% |
| Pay down to reach 10% overall | $700.00 |
Estimates only. They are based on the numbers you enter and do not account for fees, taxes or changes in rates unless stated.
How this calculator works
Credit utilization is the share of your available revolving credit that you are using. For each card it is the balance divided by the credit limit; overall it is the total of all balances divided by the total of all limits.
Credit scoring models consider utilization, and lower is generally viewed more favorably. A figure under 30% is a commonly cited rule of thumb, not a guarantee of any score. Different scoring models weigh it differently.
Formula
Utilization = total balances ÷ total credit limits × 100. Amount to pay down = total balances − (target % × total limits).
Things to keep in mind
- Issuers usually report your balance once a month, often on the statement date, so the balance that gets reported may be higher than what you owe on the payment due date.
- This tool only does arithmetic on the numbers you enter. It does not look up or predict your credit score.
This tool is for general information and is not financial advice. Looking for a card to go with your plan? Start here: